14.
| (1) Section 69A of the principal Act, inserted by Act No. 18 of 1965, is hereby amended as follows: -
| | (a) in sub-section (4) of mat section-
| | | (i) in paragraph (c) of that sub-section, by the substitution, for the expression "paragraph (b);", of the following: - |
| (ii) in paragraph (d), by the substitution, for all the words from "any gift" to the end of that paragraph, of the following:- |
| (iii) in paragraph (h), by the substitution for the words " gift: or " of the word "gift;"; |
| (iv) in paragraph (i) of that sub-section, by the substitution, for the words "by that individual.", of the words "by that individual; or"; and |
| (v) by the insertion, immediately after paragraph(i) of that sub-section, of the following new paragraph: -
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| | (b) in sub-section (5) of that section, in paragraph (a) of that sub-section, by the substitution, for the words "gift; or", of the words "gift or paying any gifts tax due from that individual; or". | | |
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| (2) The amendments made in section 69A of the principal Act by sub-section (1) of this section shall be deemed to have come into force on April 1, 1967, and shall apply to any year of assessment commencing on or after that date. |
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Sri Lanka Consolidated Acts